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Thodey to step down as CEO of Telstra after six years

CFO Andrew Penn to take over from May 1

MR THODEY: Telstra's value more than doubled from under A$40 billion to a recent 14-year high above A$80 billion during his tenure as CEO.


AUSTRALIAN telco provider Telstra announced a leadership change on Friday as incumbent David Thodey stepped down after almost six years at the helm.

The group's chief financial officer (CFO) and group executive international, Andrew Penn, will take over as the new CEO,